Search Legislation

Finance Act 2003

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Cross Heading: Alternative calculation of profits where amount is above the limit

 Help about opening options

No versions valid at: 13/04/2003

Alternative versions:

Status:

Point in time view as at 13/04/2003. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

Changes to legislation:

Finance Act 2003, Cross Heading: Alternative calculation of profits where amount is above the limit is up to date with all changes known to be in force on or before 28 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Valid from 10/07/2003

Alternative calculation of profits where amount is above the limitU.K.

11U.K.The alternative method of calculating profits given in paragraphs 12 and 13 applies to an individual for a year of assessment for which—

(a)the individual qualifies for relief under this Schedule,

(b)his total foster care receipts exceed his limit,

(c)paragraph 15 (cases where accounting date for trade, profession or vocation is other than 5th April) does not apply, and

(d)an election by him under paragraph 14 has effect.

Back to top

Options/Help